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Previous: COLI VUL 2 SERIES ACCOUNT, 497, 1999-07-27 |
Next: HEADLANDS MORTGAGE PASS THROUGH CERTIFICATES SERIES 1998-3, 8-K, 1999-07-27 |
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
DAIMLER-BENZ VEHICLE OWNER TRUST 1998-A
(Exact name of registrant as specified in its charter)
July 20, 1999
Date of Report (Date of earliest event reported)
Delaware 333-64671 13-3770955
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
1201 North Market Street, Suite 1406, Wilmington, Delaware 19801
(Address of principal executive offices) (Zip Code)
(302) 426-1900
(Registrant's telephone number, including area code)
<PAGE> 2
Item 5. Other Events
The Statement to Noteholders and Certificateholders relating to
Daimler-Benz Vehicle Owner Trust 1998-A pursuant to section 4.9 of the Sale and
Servicing Agreement dated as of November 1, 1998, among Daimler-Benz Vehicle
Receivable Corporation, Mercedes-Benz Credit Corporation and the Trust, for the
Collection Period ended June 30, 1999 is being filed as Exhibit 20 to this
Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
<TABLE>
<CAPTION>
Exhibit No. Description
----------- -----------
<S> <C>
20 Statement to Noteholders and
Certificateholders for the
June 1999 Collection Period
</TABLE>
-2-
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Daimler-Benz Vehicle Owner Trust 1998-A
(Registrant)
By: Mercedes-Benz Credit Corporation, as Servicer
Date: July 21, 1999 By: /s/ David A. Klanica
---------------------------------------------
Name: David A. Klanica
Title: Director of Accounting Services
-3-
<PAGE> 4
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------
<S> <C>
20 Statement to Noteholders and Certificateholders for the June
1999 Collection Period
</TABLE>
-4-
<PAGE> 1
DAIMLER-BENZ VEHICLE OWNER TRUST 1998-A
MONTHLY SERVICING REPORT
SERVICER: MERCEDES-BENZ CREDIT CORPORATION
TRUSTEE: CITIBANK, N.A.
COLLECTION PERIOD: JUNE 1999
DISTRIBUTION DATE:
07/20/1999
<TABLE>
<CAPTION>
STATEMENT TO NOTEHOLDERS AND CERTIFICATEHOLDERS PURSUANT TO
SECTION 4.9 OF THE SALE AND SERVICING AGREEMENT Per $1,000 of Original
Class A/Class B
Amounts
----------------------
<S> <C> <C>
(i) Principal Distribution
Class A-1 $ 11,854,505.16 $32.929181
Class A-2 $ 38,534,763.08 $75.855833
Class A-3 $ 0.00 $ 0.000000
Class A-4 $ 0.00 $ 0.000000
Class B Amount $ 0.00 $ 0.000000
(ii) Interest Distribution
Class A-1 $ 50,337.60 $ 0.139827
Class A-2 $ 2,214,033.33 $ 4.358333
Class A-3 $ 1,892,000.00 $ 4.300000
Class A-4 $ 1,051,830.00 $ 4.350000
Class B Amount $ 382,415.48 $ 4.683333
(iii) Monthly Servicing Fee $ 1,069,424.21
Monthly Supplemental Servicing Fee $ 0.00
(iv) Class A-1 Principal Balance (end of Collection Period) $ 0.00
Class A-1 Pool Factor (end of Collection Period) 0.000000%
Class A-2 Principal Balance (end of Collection Period) $ 469,465,236.92
Class A-2 Pool Factor (end of Collection Period) 92.414417%
Class A-3 Principal Balance (end of Collection Period) $ 440,000,000.00
Class A-3 Pool Factor (end of Collection Period) 100.000000%
Class A-4 Principal Balance (end of Collection Period) $ 241,800,000.00
Class A-4 Pool Factor (end of Collection Period) 100.000000%
Class B Principal Balance (end of Collection Period) $ 81,654,551.40
Class B Pool Factor (end of Collection Period) 100.000000%
(v) Pool Balance (end of Collection Period) $1,232,919,788.32
(vi) Interest Carryover Shortfall
Class A-1 $ 0.00 $ 0.000000
Class A-2 $ 0.00 $ 0.000000
Class A-3 $ 0.00 $ 0.000000
Class A-4 $ 0.00 $ 0.000000
Class B $ 0.00 $ 0.000000
Principal Carryover Shortfall
Class A-1 $ 0.00 $ 0.000000
Class A-2 $ 0.00 $ 0.000000
Class A-3 $ 0.00 $ 0.000000
Class A-4 $ 0.00 $ 0.000000
Class B $ 0.00 $ 0.000000
(vii) Balance of the Reserve Fund Property (end of Collection Period)
Class A Amount $ 57,100,909.30
Class B Amount $ 0.00
(viii) Aggregate Purchase Amount of Receivables repurchased by the
Seller or the Servicer $ 14,317,034.56
</TABLE>
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